Alabama right of redemption bonds.
From $100.
Alabama gives certain parties a statutory right of redemption after a foreclosure sale under Code of Ala. § 6-5-248 et seq. A right of redemption bond is usually posted so a lender will finance a property that is still inside the redemption window. The price is 1% of the bond amount, $100 minimum — set by the amount you enter, with one soft credit pull for approval.
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How much does an Alabama right of redemption bond cost?
1% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Apply to issued, fast.
Here's the whole process — no broker phone tag, just one application and a soft credit pull:
Apply once, online
Your details, the bond amount you were asked for, and the effective date — plus a one-time consent to a soft credit pull. That is the application.
Approved
Most are approved as soon as you apply. One soft credit pull, never a hard inquiry, and it never affects your score. If it needs a second look, one to two business days at most.
Deliver to your lender or counsel
Pay online and receive the executed bond, ready to hand to whoever required it. Wet-ink originals mailed whenever they insist on them.
What it is and who needs it.
What the redemption bond actually covers
Under Code of Ala. § 6-5-248 and the surrounding article, a list of parties — the former owner, certain junior lienholders, and others — may redeem real estate after a foreclosure sale by paying the purchase price plus allowable charges. The window is generally 180 days for a homestead-exempt residence and one year for other property.
That redemption right is a problem for anyone buying or lending on the property in the meantime: a lender is reluctant to write a mortgage that a prior owner could later unwind. A right of redemption bond solves it — it guarantees the lender will be made whole if the property is redeemed during the statutory period.
The bond runs to the protected party (typically the lender) and pays if a redemption defeats their interest. It is not insurance for you — if the surety pays, you repay the surety. Because the figure is set by your lender, title company, or counsel rather than by statute, enter whatever amount they named and we issue it — premiums are 1% of the bond amount, $100 minimum.
You need this bond if you are
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose.
Renewal falls on the statutory date, October 7, in the year your term ends.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
Deliver to your lender or counsel. Pay online and receive the executed bond, ready to hand to whoever required it. Wet-ink originals mailed whenever they insist on them.
What sets the price
The premium is 1% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
One soft credit pull, never a hard inquiry, and it never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, issued instantly.
These are the actual underwriting fields, including a one-time consent to a soft credit pull. Submit once and your bond is issued when you pay.
Start the application →Common questions.
Other Alabama bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Close the deal the lender is waiting on.
1% of the bond amount, $100 minimum, short application, soft pull only. Free until issued.